Brookfield Corporation (NYSE:BN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Brookfield Corporation (NYSE:BN) have received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, ten have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $53.8667.

Several equities analysts have recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $58.00 target price (up from $57.00) on shares of Brookfield in a report on Monday, December 15th. Wall Street Zen downgraded Brookfield from a “hold” rating to a “sell” rating in a research note on Saturday. TD Securities raised their target price on Brookfield from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Brookfield in a research report on Monday, December 1st. Finally, Zacks Research lowered shares of Brookfield from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 11th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its stake in shares of Brookfield by 147.5% during the first quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock valued at $963,000 after purchasing an additional 11,069 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Brookfield by 13.5% during the 1st quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock worth $130,000 after buying an additional 295 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Brookfield by 18.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,814,632 shares of the company’s stock worth $95,105,000 after acquiring an additional 282,837 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Brookfield by 14.5% in the first quarter. Intech Investment Management LLC now owns 42,275 shares of the company’s stock valued at $2,212,000 after acquiring an additional 5,361 shares in the last quarter. Finally, Belpointe Asset Management LLC acquired a new position in shares of Brookfield during the first quarter valued at approximately $212,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Performance

BN stock traded up $0.05 during trading on Friday, hitting $47.38. 2,678,155 shares of the company’s stock traded hands, compared to its average volume of 3,285,197. The stock has a market capitalization of $117.35 billion, a price-to-earnings ratio of 131.61 and a beta of 1.58. Brookfield has a 52 week low of $29.07 and a 52 week high of $49.56. The stock has a fifty day moving average price of $46.15 and a two-hundred day moving average price of $45.18. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.54.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. Brookfield had a net margin of 1.34% and a return on equity of 3.92%. As a group, equities analysts anticipate that Brookfield will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, December 16th. Brookfield’s dividend payout ratio is 66.67%.

About Brookfield

Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.

Brookfield’s services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.